Post Utme Ui 2021 Commerce Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Ui Commerce examination.

Post Utme Ui 2021 Commerce Objective / Multiple Choice
Question 33 POST_UTME_UI • 2021 • COMMERCE • objective

A firm is producing a commodity with a constant elasticity of demand of -2. The firm's marginal cost is given by MC = 10 + 2Q. What is the profit-maximizing quantity?

Answer Options

A. Q = 10
Correct Answer B. Q = 20
C. Q = 30
D. Q = 40
Correct Answer
B
Correct Option:
Q = 20

About This Question

This is Post Utme Ui 2021 Commerce Question 33. It is one of the objective questions from the 2021 Post Utme Ui Commerce examination.

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